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Jan 19, 2013
01/13
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president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is rung short. >> republicans made their choice during a gop retreat in williamsburg, virginia. house majority leader eric cantore reportedly has plans for three months. in a statement the white house responding, saying, we are encouraged. there are signs congressional republicans may back off their insistence on holding our economy hostage to extract drastic cuts in medicare, education and programs middle class families depend on. the temporary nature of the increase is somewhat troubling. a white house official told nbc news it's a terrible way to run the country. but the aide gave no indication president obama would veto a temporary extension if this is how congressional republicans want to govern, so be it. they already have an approval rat
president obama warned republicans about taking the debt ceiling hostage. it looks like they heard the message. >> the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is rung short. >> republicans made their choice during a gop retreat in williamsburg, virginia. house majority leader eric cantore reportedly has plans for three...
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Jan 20, 2013
01/13
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it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a limit we're forced to look at that number and realize how much we're borrowing. >> if that logic were true, they wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick
it would be great to control the debt with the debt ceiling. as you see through history, examples given it doesn't work at all. it becomes a political football, the other party not it in power, decides it's an of important thing. and president obama used to hate the debt ceilings. it's time to build something that controls the deficit properly and not arbitrary. >> brenda: toby, doesn't this basically give a blank check to washington saying we don't need a limit. at least when we have a...
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Sep 20, 2013
09/13
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Jan 12, 2013
01/13
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we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed bump, or is this somehow -- is it political? >> tees taes deeply political, cycle of revenge and recrimination. it's the definition of insanity, doing something over again and expect i expecting a different result. we got our aaa rating downgraded. in retro expect, they realized that grand bargain -- spending cuts, revenue increases and entitlement reform. the idea every time congress has set itself this artificial deadline, whatever it may beady debt ceiling, super committee crisis, fiscal cliff, somehow they fail, they weasel out of it. we still have this looming, lo
we would hit the debt ceiling, be reminded we're borrowing too much. they would fight about raising it and then they would raise it. what happened last time, i think, was throwing cold water on to the system of how close we got to truly defaulting and the fact that that will lead to economic problems in the country and around the world. >> republicans almost gleeful that the debt ceiling will give them leverage to extract spending cuts. is this good policy or is it revenge? is it a speed...
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Sep 22, 2013
09/13
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look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53% of americans realize obamacare will drive their healthcare costs up. republicans are doing the right thing. this is risky business. they realize obamacare is not ready for the big debut. it will drive up cost and cut jobs. we have lot of work that has to be done to implement this properly. >> david: but rick, on this debt issue. by the way, president obama is not the only one to commit hypocrisy. harry reid and nancy pelosi voted to raise the debt ceiling. >> i'm shocked. who knew the president was a politician? be care waffle you say in the senate. you may be in the white hou
look at 2011 when the last debt ceiling face-off happened. we saw the stock markets plunge. >> david: we did. >> rating downgrade. >> david: true. then shortly afterwards the stock market came back up and they ignored the deb rating cut. but extortion? the word "extortion' a strong word. the president seems to forget what he said, which would be called extortion by his finition as well. extortion is iminal. this president is grasping for straws because he knows that 53%...
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Jan 14, 2013
01/13
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negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't have any conversations about extending the tax cuts. what i said was we wouldn't extend bush tax cuts for the wealthy and we didn't. you could argue during the campaign i set the criteria for wealthy at 250, and we ended up being at 400. but the fact of the matter is, millionaires, billionaires, are paying significa ining signific taxes just like i said. from the start my concern was making sure that we had a tax code that was fair and that protected the middle class. and my biggest priority was making sure that middle class taxes did not go up. t
negotiate on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so as you say now that you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one-minute to midnight scenario that you're not going to back down? >> well, first of all, julianna, let's take the example of this year in the fiscal cliff. i didn't say i wouldn't...
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Sep 27, 2013
09/13
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. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign up for the health care plan! ♪ >>> five days before enrollment begins for obama care, president obama took a stand against republicans threatening a government shutdown. the president went to maryland and began by explaining why he won't consider defunding obama care. >> in fact, for the past few years since i signed the affordable care act, a lot of you have been enjoying new benefits you didn't have before even if you didn't know they were coming from obama care. because the affordable care act, more than 100 million americans have gotten free preventative care. because of the affordable care act, 3 million young adults under age 26 have gained covera
. >> but the debt ceiling. >> the debt limit we will introduce a plan. >> a cash flow problem. >> the president says i am not going to negotiate. >> i will not negotiate. >> i'm sorry it just doesn't work that way. >> the tea party republicans have taken it to a whole new level. >> the american people don't want the president's health care bill. >> elections have consequences. >> even if you've didn't vote for me, i bet you will sign...
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Jan 10, 2013
01/13
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let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt under control, no one would even mention the debt ceiling. the key will be to focus on the real problem, which is the debt. acknowledge solution for anyone not living in budgetary fantasyland. make some progress on that. gerri: at think it's budget fantasyland for us. well, the senate has not backed the budget in 1,351 days, gretchen. come on. we are going to -- our debt is going to get downgraded by standard and poor's and moody's and everyone else, and we will have a sell-off of 2,000 points in the stock market, right? >> you're right. on top of not having a budget, we have al
let's move on to a our debt and our nation's crisis with the debt ceiling. we default on february 15th. happy valentine's day. doug come -- doug, do you think we will avoid this or have big problems? >> at think the answer is simple. we don't have a fight or a crisis over the debt ceiling. we have a fight in crisis overspending that causes debt. if the spending or cut and there was an agreement but place on the way to rein in explosive and -- entitlement spending and brought the debt...
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Jan 23, 2013
01/13
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. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids. >> this is a party, a retreat. >> a retreat of sorts. >> they may not even vote for this. >> it really is unacceptable. >> they will evolve or die, it is that simple. >> it will stand out as one of the great days. >> today marks 40 years. >> the 40th anniversary of roe v. wade. >> this allows a woman free choice. >> support for reproductive choice is at a record high. >> 54% believe abortion should be legal. >> there was an assault on women's access to reproductive health care. >> do i believe that the supreme court should overturn roe v. wade? yes. >> 70% say it should not be overturned. >> this is a deeply personal issue, one that should be made by women. >> w
. >> the short term raise for the debt ceiling. >> three-month extension of the debt ceiling. >> temporary extending for debt ceiling. >> what is the republican strategy here? >> three months is not good enough. >> they may not even vote for this. >> it is about time we come together, do our work. >> the partisan lines just got deeper. >> john boehner has an 18% approval rating. >> the debt that is crushing the future for our kids....
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Sep 27, 2013
09/13
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raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative policy, and i'm very sorry that this has happened. we can negotiate over the budget, we negotiate all the time. but to put something like the full faith and credit of the american economy on the line is just beyond pale. and americans show know. we're not asking about permission to spend future more, we're talking about permission to pay the bills we've already acquired. >> let me ask congressman cole about negotiation. everybody likes negotiation, we have a system of government that requires it in certain circumstances. there's a budget process in wh
raise the debt ceiling? what's so hard? why do we need to negotiate? >> because you need to change the trajectory of the debt. >> the debt has changed trajectory -- >> yeah. you have to, like, what are you going to do to lower it, so you're just not automatically raising it. >> let me bring in keith ellison, co-chair of the progressive caucus, what's your reaction? >> i think that weaponizing the debt ceiling is bad economic policy, i think it's bad legislative...
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Jan 16, 2013
01/13
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triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some bi
triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative...
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Sep 27, 2013
09/13
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do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled their big wish list for all the things that they want, in exchange for not sending the country into catastrophic default. the u.s. government is set to go into default on october 17th, three weeks from today. and republicans say that they will let that happen. they will crash our economy and likely crash the world economy, unless democrats agree to pretty much everything republicans have asked for over the last few years. they want to delay obama care for a year, they want to gut wall street reform, they want to approve the keys
do not mess with the debt ceiling. but two years ago, regardless, in 2011, republicans in congress messed with the debt ceiling. they took us right to the brink of default, and even just getting to the brink was enough to not only get the u.s. government's credit rating downgraded for the first time in our history, it also took what had been relatively strong job growth and put a big four-month dent in it. and now two years later, we're doing it all over again. today, house republicans unveiled...
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Jan 26, 2013
01/13
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FBC
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this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to be confirmed as the next
this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a...
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Sep 24, 2013
09/13
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. >> i cannot imagine we would rubberstamp a debt increase. >> we shouldn't be raising the debt ceiling, it's irresponsible. >> i think it would be irresponsible for him to be so that legislation. >> this is not about this. house republicans remained confirmed to cutting spending now. >> borrowing and spending has failed. we continued on the course, it will be disastrous for our country. >> we should not let extremists dictate the direction of our country. >> it is not only wrong, but it's dangerous. >> that was then, nearly $2 trillion in debt to go. >> we are not going to agree to raise the debt ceiling without doing something about entitlements. >> they start using the debt limit. >> this will continue to negotiate the debt limit. what i will not do isn't have that negotiation at the head of the american people. >> the american people would be devastated. >> of your spending more money than you're taking incoming eats and laughs. he won the house is not even in session, it is due back wednesday. no coincidence, albeit in washington, enough about me. that's my guess who is here to agr
. >> i cannot imagine we would rubberstamp a debt increase. >> we shouldn't be raising the debt ceiling, it's irresponsible. >> i think it would be irresponsible for him to be so that legislation. >> this is not about this. house republicans remained confirmed to cutting spending now. >> borrowing and spending has failed. we continued on the course, it will be disastrous for our country. >> we should not let extremists dictate the direction of our country....
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Sep 19, 2013
09/13
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the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take to reopen the site of so much carnage. here is pamela brown. >> reporter: as investigators sift through the evidence in the navy yard killings, navy officials say damage inside building 197 is so stensive, it may take weeks to repair and reopen it. one official is saying there is blood everywhere. there is damage everywhere. the mother of the gunman apologizing wednesday to the families of the victims. >> i don't know why he did what he did and i'll never be able to ask him why. aaron is now in a place where he can no longer do harm to anyone and, for that,
the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take...
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Sep 18, 2013
09/13
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is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's the same thing that governors have to do in the 50 states. if you have a regullegislature they're wrong and the spending exceeds the revenue then you have pro ray shun. >> there's no danger here of the unit going into default. >> i'm not saying there's no danger. there is a risk to our economy. and i hope that the president will understand that there is a bigger picture here and that bigger picture is whether or not the united states of america is going to continue on this path to insolvency and bankruptcy. that is a much bigger threat. >> what does he have to do to
is there a debt ceiling? >> there is a debt ceiling. and that limits the amount of money the united states can borrow. if we're going to continue on this spree of trillion deficits. it's going to be a good year, of course that sarcasm is bad. >> you know as well as i do that these bills have been passed. the costs haven about run up already. the bills have been signed by the president. what you're talking about is will you pay your debts or not. >> wait a second, chris. it's...
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Jan 9, 2013
01/13
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we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury secretary, which is managing the budget, you can't have a better guy than jack lu. you can talk a lot about it. >> that is where i disagree. this is not, hang on a second. i'm going to give jimmy a whack at this. this is not the director of the office of managing the budget. that is where i used to work. this is about financial matters. this is about guys who know what goes on at the world's financial capitol. this is about guys who used to look after the currency and about guys who are going to have to deal with republicans over the debt ceiling and acc
we have government shut downs and debt ceilings. vice president sebiden is meeti with the nra and senator feinstein wants to ban handguns the kudlow report begins right now. >> cnbc contributor jared bernstein. i can't think of a single reason why they have to put in such an unstring wi undistinguished person in such an important spot. >> i take issue with that. you have to take into consideration issues, but i will say when it comes to one of the most important jobs of the treasury...
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Jan 22, 2013
01/13
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let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i have heard that speech to the point that it makes me think you don't realize while you're in the majority, conservative republicans -- >> thank you. lou: that you don't realize fully that you're in a majority of a house that is only one-third of government. >> oh, listen, i get it, but nothing that raises revenue, nothing that provides money to any part of our government gets there unless the majority in the house pass it. lou: right. >> lou, that's leverage to bring spending under control. we've just finished two years where every fight we came up to, we were told, you know
let's turn to the debt ceiling -- >> oh, we have a debt problem? lou: republicans make a a move to ends the nonsense. i hope you tell me tonight there's no discussion by the republicans whatsoever of shutting down the government, that this is going to stay positive and move forward. >> all i want is spending under control. that's what we campaigned on because we are bankrupting this nation. we cannot continue on this path. lou: congressman, we talked for years. >> sure. lou: i...
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Jan 15, 2013
01/13
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when you talk about raising the debt ceiling. getting a proper deal done there, is there any such thing as a band-aid o is it basically a do or die? >> it was much more complicated because it has hat add lod more debting. you have to remember this is about paying for the bills we've already obligated ourselves to play. >> it's a lost opportunity to fix other things, wouldn't you say? >> well, i don't view it as an opportunity. i view it as an opportunity to avoid catastrophe. the point i make in the article is if we must have this biggar maggetten like battle, let's hold it up over the budget when the continuing resolution expires and have it then when the consequences while not grak are not nearly as dire. >> you know, professor, you point out what i think is the biggest problem in your piece and know note thatted if real receipts only cover 74% of the outlay. in other words we're not paying enough to pay our bills but the 26th fan you mgs mentioned. that ice a problem. >> it's very, very unstatus inl. when i did this calculatio
when you talk about raising the debt ceiling. getting a proper deal done there, is there any such thing as a band-aid o is it basically a do or die? >> it was much more complicated because it has hat add lod more debting. you have to remember this is about paying for the bills we've already obligated ourselves to play. >> it's a lost opportunity to fix other things, wouldn't you say? >> well, i don't view it as an opportunity. i view it as an opportunity to avoid catastrophe....
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we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bron
we can give the president a month of debt ceiling increase or six months or year. then you have the continuing resolutions. because the democrats have not passed the budget or written a budget in more than three years, we have a continued resolution. beyond your points are very good. thank you. neil: they say no deed goes unpunished. did you hear about aig? it just keeps on suing. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello?...
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Sep 29, 2013
09/13
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>> not over the obamacare, i always told my leadership i want the fight on the debt ceiling about debts, about spending, not about obamacare. i always believe that the fight should be at the cr, the spending levels and the debt level should be about debt, not obamacare. some people disagree with me. >> all right, we'll leave it here, you talked about tip o'neill, and i thought if only -- into the tip o'neill/ronald reagan years. we'll be right back after the break, talking about the new book "tip and the gipper," and the big question asked, why don't today's leaders cooperate in the country's best interests? that is today's question, when we come back. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth ] why settle for less? ahh, oh! [ garth ] great businesses deserve unlimited rewards. here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase ev
>> not over the obamacare, i always told my leadership i want the fight on the debt ceiling about debts, about spending, not about obamacare. i always believe that the fight should be at the cr, the spending levels and the debt level should be about debt, not obamacare. some people disagree with me. >> all right, we'll leave it here, you talked about tip o'neill, and i thought if only -- into the tip o'neill/ronald reagan years. we'll be right back after the break, talking about the...
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Jul 23, 2013
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. >> bizarre thing is we're head into a debt ceiling showdown even as deficit shrinks, cbo has twiced revised its estimate of deficit i last 8 months we have lowest deficit projected this year any time in last 4 years. >> can you provide some numbers for, that dave? >> since world war ii. >> please, you know -- >> big deficit were truth of theeconomy being -- >> as we come out of this bad economyimes deficit will string of, that happens were clinton and now. >> i am wondering -- >> washington. charles: one at a time. >> washington, back in jauary, was facing this same problem, in problem is spending, problem is spending, dave. and back in january, when they struck a deal, the cbo estimated that this particular debt ceiling deal was going to add 4 trillion to the debt over 10 years, you cannot tell me that is deficit reduction. charles: katy,ou know -- really, at this point, a trillion, silt numbers we neverw before. in am bottom line the clock is ticking do we have confidenceo think it will not know a huge fiasco in. >> the big joke is don't tell obama what comes after a trillion, rig
. >> bizarre thing is we're head into a debt ceiling showdown even as deficit shrinks, cbo has twiced revised its estimate of deficit i last 8 months we have lowest deficit projected this year any time in last 4 years. >> can you provide some numbers for, that dave? >> since world war ii. >> please, you know -- >> big deficit were truth of theeconomy being -- >> as we come out of this bad economyimes deficit will string of, that happens were clinton and now....
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Jan 14, 2013
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but they want it separated from debt creating. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that la republican decision or is it going to be played conflict in washington, gridlock, both parties to plame? >> well, the president said in the press conference i think people will blame all of washington, but he didn't mean it. and he doesn't believe it. he thinks, and i think rightly thinks, that the political onus will be on the republicans. the president said we aren't a deadbeat nation which is one of many great quotes in that press conference. >> i like that word deadbeat. >> we aren't a deadbeat nation and he said the republicans will turn us into a deadbeat nation if they do what they're threatening -- >> if sib else object to the question. if there's a different answer i'll sep it. did the democrats ever play the game of not paying the bills of the united states government as a tactic. >> t
but they want it separated from debt creating. >> let's talk about this debt ceiling thing, howard. do you think the press objectively can report the way the president tried to sell it, which is if this government can't pay its debts, refuses to pay it because of the debt ceiling, is that la republican decision or is it going to be played conflict in washington, gridlock, both parties to plame? >> well, the president said in the press conference i think people will blame all of...
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Jan 24, 2013
01/13
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the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee chairwoman saying that her committee will, indeed, draft a budget this year if adopted. the first time that the senate democrats have passed a budget in four years. so in advance to the democrats returning to regular word business, returning government at least in its transition to reality for us all. thank you very much. joining us now, the "a-team". good to have you all year. i have to think that you are about to break out in song. i mean, think about it. an agreement amongst the republicans for a 10-year plan. ryan has taken 30 years out of his plan, reduced c
the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee...
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ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary fantasyland not to understand -- lou: there is the explanation. >> that could be it. in fantasyland having a trillion dollars in additional spending commitments every year as a result of the explosion of the entitlement programs of the next decade. it does not matter, but in the real world it means that we can no longer finance the regular operations of government. we are late and my and -- interest obligations and had to to the next generation an economy that is impaired and the huge bill. there is absolutely no justification for
ceiling, but actually the debt. driven by spending, and we see no need i controlling spending anywhere. lou: your organization, the american action forum putting of clear statements about what the likelihood would be of the fiscal clef there's no mystery here. only to use his phrase, only an idiot would be unaware of the import of actually doing something meaningful, sensitive, and lasting when it comes to deficits and debt. >> i could not agree more. you would have to live in a budgetary...
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Jan 25, 2013
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. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all known. we've all reported in various ways that he is the choice. what did they do yesterday? they appointed a female to be lady of the s.e.c. it mattered. the scheduling worked to stack this one today zoosh the optics on it. >> i actually had thought he was already named chief of staff. that's how bad the secret was. we have to take a break, but when we come back, senators and frenemies. they strike a deal for the much maligned filibuster. is it still business as usual in the upper chamber? we'll discuss next. with the spark cash card from capital one, olaf gets great rewa
. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all...
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Jan 7, 2013
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ceiling or hitting the debt ceiling, that window begins february 15 a, ends march 1st. that's sooner than people expected. there are ways in which the treasury might get additional wiggle room in they delay tax refunds but if they don't take that step which would be unpopular and risk hooe, treasury would have to, no later than mar much 1, prioritizing its bills, figuring out by the day or category, which bills it was going to honor. it is unprecedented for the u.s. government to not honor all of its obligation chess is why steve bell is a veteran senate republican budget policy aid who gave this briefing at the center, said he wouldn't rule out the prospect that white house would reconsider the president's statements that he lacks under the constitution, the executive authority to out laterally lift the debt ceiling. well see whether the administration sticks to that line, if congress doesn't act, which is a big if. >> how did we get the original estimate so wrong then? >> we didn't. the center accurately called when the treasury would hit the debt ceiling in a technic
ceiling or hitting the debt ceiling, that window begins february 15 a, ends march 1st. that's sooner than people expected. there are ways in which the treasury might get additional wiggle room in they delay tax refunds but if they don't take that step which would be unpopular and risk hooe, treasury would have to, no later than mar much 1, prioritizing its bills, figuring out by the day or category, which bills it was going to honor. it is unprecedented for the u.s. government to not honor all...
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Jan 13, 2013
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ceiling. the doesn't believe the law can or should be used to make platinum coins to avoid an increase in the debt limit. >>> on tuesday, vice president joe biden is expected to deliver recommendations from his gun task force to the president. biden was in meetings last week with gun control supporters, gun rights groups, movie industry leaders and video game leaders. all an effort to prevent more mass shooting. here are some examples of what could be on the list of recommendations. you might see universal background checks and closing the gun show loophole and also the white house is believed to favor ban on assault weapons and high capacity magazines. >>> well, we said it before, congress is unpopular. but worst than cockroaches, really? new numbers from public policy polling pitted congress against the worst of the worst. they found that congress was less popular than brusal sprouts. what did congress beat? lindsay lohan and the kardash n kardashians. not saying much. >>> if you're one of t
ceiling. the doesn't believe the law can or should be used to make platinum coins to avoid an increase in the debt limit. >>> on tuesday, vice president joe biden is expected to deliver recommendations from his gun task force to the president. biden was in meetings last week with gun control supporters, gun rights groups, movie industry leaders and video game leaders. all an effort to prevent more mass shooting. here are some examples of what could be on the list of recommendations....
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Jul 27, 2013
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sets out to set next year's budget out and deal with the debt ceiling, so he is using his mega phone to try and start the conversation in a different pitch this time, christine, and to focus not on the numbers but on the notion. so instead of having a conversation about the size of the deficit and bringing that down, it will be more about things like education, jobs, retirement savings, it's the white house's view that the president does better when he can focus on those kinds of topics that the american public can understand and relate to than when it's entirely about the deficit, and that's why they think his numbers come down when he is locked in battle in congress in washington, you see his numbers come down, and when he goes out to the people his numbers tend to rebound, but i would just throw up a note of caution here, which is that, look, this is a little bit of the same dynamic we have seen before, one person -- he has been out there attacking congress this week, and congress is accusing him of being an engine of division, and it's a role reversal but same dance we have seen
sets out to set next year's budget out and deal with the debt ceiling, so he is using his mega phone to try and start the conversation in a different pitch this time, christine, and to focus not on the numbers but on the notion. so instead of having a conversation about the size of the deficit and bringing that down, it will be more about things like education, jobs, retirement savings, it's the white house's view that the president does better when he can focus on those kinds of topics that...
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Jan 8, 2013
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ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the economy? >> i think we're already there, and i think you only need to look back at what happened a year ago or in the summer of 2011 when we hit that ceiling, and, in fact, even paying for it, maria, had a little spike in interest rates that went along with that. had to issue some debt that's still outstanding according to the budget priority center, costing us 18 billion over the last ten years in just in debt costs alone but because it's hurting us right now, maria, doesn't mean it can't get worse and it will probably. i don't know if you saw the small business confidence numbers this morning. they were up 0.5 from one of the lowest levels in 38 years. we have really taken small business optimism and put it in the gutter right now, and so it's a real problem for the economy right now, getting on a correct fiscal track would really have a lot of benefits. >> i mean do, they not understand that? it seems so obvious. >> it strikes me there's a rule they ought to be thinking about it. t
ceiling and the fiscal cliff, or is there a point that you believe the debt ceiling fight damages the economy? >> i think we're already there, and i think you only need to look back at what happened a year ago or in the summer of 2011 when we hit that ceiling, and, in fact, even paying for it, maria, had a little spike in interest rates that went along with that. had to issue some debt that's still outstanding according to the budget priority center, costing us 18 billion over the last...
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Jan 12, 2013
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a new way to avoid the debt ceiling. hear what senate democrats are telling the president to do today. >>> fighting the flu. the illness has now reached epidemic levels in the u.s. is it slowing down? >>> signature moment. how comics are taking on jacob lew's unique, to say the least, scrawl of his name. good morning, everyone. welcome to "weekends with alex witt." what's happening out there. after meeting with the president of afghanistan, president obama sharing new details this morning on how he plans to end the u.s. involvement there. >> this remains a very difficult mission, the work ahead will not be easy. our forces are still in harm's way. but make no mistake, our path is clear, and we are moving forward. because after a decade of war, the nation we need to rebuild is our own. >> kristen welker is at the white house. a very good start morning to you. let's talk about the details that the president revealed about the future role of the u.s. in afghanistan. >> good morning to you, alex. the big headline that came o
a new way to avoid the debt ceiling. hear what senate democrats are telling the president to do today. >>> fighting the flu. the illness has now reached epidemic levels in the u.s. is it slowing down? >>> signature moment. how comics are taking on jacob lew's unique, to say the least, scrawl of his name. good morning, everyone. welcome to "weekends with alex witt." what's happening out there. after meeting with the president of afghanistan, president obama sharing...
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Jan 19, 2013
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on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you know, there are a couple of things to think about here. i call this plan r for run away. but we know that john boehner often has had trouble with his various plans. plan b most notoriously, getting them approved, accepted and passed by his own house republicans. and cantor made a very declarative statement today. we're going to bring this to a vote, and when you do that, usually you think you have the votes, but immediately there were grumblings that some house republicans will go along with this i'm not sure that democrats will, too. so it remains to be
on the debt ceiling. not again. and today after months of insisting that the president really did have to negotiate with them on that, republicans in congress gave up. david corn "showdown," the stand off the president faced with republicans. david, thanks for being here. >> good evening, rachel. >> eric cantor says, yeah, we're going to give up, but only for three months. what did you make of that? >> i'm the last guy who wants to cause a spike in the vix, but, you...
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debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, o you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best actions taken by the federal government and the worst? >> at think there were three. in net you a tie for first? >> you know how tv works. >> one was tart. very unpopular, but effective and turn a profit for the taxpayer. second was the stimulus that we were just talking about. could have been better. was not a perfect stimulus bill, a pretty good given the political constraints. third, what almost no one ever talks about, the bank stress test. to me the banks stress test and this compared pedestrian 2009 was the equivalent of the fdr bank holiday. once was over people felt t
debt ceiling is you cannot borrow, so you have to balance the budget tomorrow. in addition to that, there was the kind of not very real threat that we might default on the national debt or postpone payments, o you're playing with a combination of a big fiscal contraction and the possibility of triggering a financial crisis also. lori: i want to ask you about your book. after the music stopped, but about the financial crisis, to a dozen 7-8. looking back, said always 2020, what were the best...
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Jan 16, 2013
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that the debt ceiling is adjusted to accommodate the budget that we pass. and there is an enormous amount of hypocrisy going on. and i admit on the democratic side on the past, you know, it is like you going out and buying a refrigerator on your credit card and then 20 days later the bill shows up and you see you are over your debt limit, so you tell the freezer company, you're not paying it. the decision when you spend the money or raise taxes -- >> thank you very much for your answer. hope you will come back and join us again sometime. >> thank you. >> second inauguration of president obama takes place on monday, january 21st. that will martin luther king, jr. he will be sworn in on the day before, the 20th, as per the constitution. i will host a special cnbc event. it begins at 11:00 a.m. eastern time. that is, monday, martin luther king, jr. day. >> sue? >> ty, shares of lululemon continue to be under pressure on the back of the latest outlook. what is ahead for the yoga appear el maker? courtney is live in miami. courtney? ♪ ♪ ♪ [ male announcer
that the debt ceiling is adjusted to accommodate the budget that we pass. and there is an enormous amount of hypocrisy going on. and i admit on the democratic side on the past, you know, it is like you going out and buying a refrigerator on your credit card and then 20 days later the bill shows up and you see you are over your debt limit, so you tell the freezer company, you're not paying it. the decision when you spend the money or raise taxes -- >> thank you very much for your answer....
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Jan 15, 2013
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of the united states of america not paying its bills is irresponsible. it is absurd. the full faith and credit of the united states of america is not a bargaining chip. and they had better choose quickly because time is running short. >> house republicans continued to threaten to use the debt ceiling as a bargaining chip. house republican conference chairwoman kathy rogers told "political" i think it is possible we would shut down the government to make sure that president obama understands that we're serious. well, i guess that would do it. we always talk
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have already been racked up. and we need to pay them. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. but to even entertain the idea of this happening, of...
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Jan 11, 2013
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next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's mr. obama's way or the highway. again, he could use an executive order to ignore the debt ceiling and i will not be surprised if he does. so, what we have here is not a failure to communicate as they once said in the movie cool hand lou. but a president who believes he can do what he wants to do with little accountability. he has already signed executive order changing immigration rules. that was done in the middle of the night. few even know about it if this continues there will be a constitutional crisis in america. unfortunately we the people are slow to understand what
next month, congress will be asked again to raise the debt ceiling. most republicans will oppose that acting for definite spending cuts before more borrowing. does the president care? >> the only viable option here is congress to fulfill -- that congress fulfills its responsibility and ensures that the united states of america pays its bills as it has always paid its bills through the its history. >> bill: just shut up and pay. all right? don't be asking for anything, just pay. it's...
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Jan 15, 2013
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raise the debt ceiling or risk a u.s. downgrade. >> markets are in a holding pattern until the debt ceiling fight is over and the backdrop for the fitch warning is quite different this time around, and pete will explain why in just a moment. just said to you during the break. a heck of a holding pattern if that's what the market is in. plenty of sectors hitting new highs right now. no question about it. this is the year that we springboard up now. not just to climb the wall of worry. get through the debt ceiling debate, continuing resolution. it's going to be bumpy. we'll take full advantage of a market falldown during that period because you've got three main things going for you. housing turning for real, not just an inventory real liquiification and foreclosures. all that have stuff turning for real. it will turn into unemployment back half of the year. a little better transparency on fiscal policy. not necessarily the fix but the transparency. business cap "x" second half of the year and every single central bank in t
raise the debt ceiling or risk a u.s. downgrade. >> markets are in a holding pattern until the debt ceiling fight is over and the backdrop for the fitch warning is quite different this time around, and pete will explain why in just a moment. just said to you during the break. a heck of a holding pattern if that's what the market is in. plenty of sectors hitting new highs right now. no question about it. this is the year that we springboard up now. not just to climb the wall of worry. get...